LINGYUN CORPORATION(SH:600480) Xin Lang Cai Jing·2025-11-12 00:28Core Viewpoint - The company reported a steady revenue growth in Q3 2025, driven by a high demand in the automotive sector and effective market expansion strategies [2][4]. Financial Performance - In Q3 2025, the company achieved a revenue of 4.81 billion yuan, representing a year-on-year increase of 9.0% [1][2]. - The net profit attributable to shareholders was 160 million yuan, showing a significant year-on-year growth of 52.9% [1][2]. - The gross margin for Q3 2025 was 16.0%, a decrease of 1.1 percentage points year-on-year, but an increase of 0.3 percentage points quarter-on-quarter [2]. - The company’s net investment income was 30 million yuan, reflecting a year-on-year increase of 6.5% and a quarter-on-quarter increase of 32.1% [2]. Market and Industry Trends - The global automotive market is experiencing high demand, with China's passenger car production reaching 7.69 million units in Q3 2025, a year-on-year increase of 13.9% [2]. - The company is actively expanding its presence in the new energy vehicle components sector, with 526 new projects initiated in the first half of 2025 [3]. Strategic Initiatives - The company is enhancing its global supply capabilities and market position by deepening its involvement in the new energy sector and developing new technologies [3]. - In the automotive business, the company is focusing on the development of steering systems and has completed the design phase for an autonomous logistics vehicle steering system [3]. - The company is also improving operational quality and risk management in its overseas operations, particularly in Germany and Mexico [3]. Future Outlook - The company anticipates a revenue of 19.1 billion yuan in 2025, representing a year-on-year growth of 1.4% [4]. - The strategic shift towards new energy and the introduction of new product lines such as battery boxes and sensors are expected to drive future growth [4]. - The company plans to distribute a cash dividend of 0.10 yuan per share in 2025, amounting to 120 million yuan, with a payout ratio of 28.2% [4].